Below are the trades from today’s Income Masters Live Trading Session.
TRADE ONE: Sell to open Valero (VLO) Jul Week One (7/1) 105 Put for around $1.17. You can go as low as $1, but please don’t start there and always use limit orders. (Current stock price: $115)
TRADE TWO*: Sell to open the Zoom Video Communications (ZM) Jul Week One (7/1) 95 Put for around $0.70 and buy to open the ZM Jul Week One (7/1) 90 Put for around $0.37. Set initial credit limit at $0.33. (Current stock price: $114.80)
*If you are new to spread trading, please watch my Bull Put Spread Coaching Session before entering the trade.